The Tehran in Iran market research report includes: Major Tehran cities scorecard; Detailed ranking of cities in terms of future growth, wealth, labour and other key consumer and economic indicators; Historic data on population, consumer expenditure, digital consumer and other indicators; Five-year forecasts of trends and city growth; The
Market research on consumer products, commercial industries, demographics trends and consumer lifestyles in Iran. Includes comprehensive data and analysis, tables and charts, with five-year forecasts.
The year 2023, a repository of pivotal data and trends, serves as an invaluable guide in forecasting the trajectory of Iran''s economy. Our analysis dissects the confluence of factors shaping this trajectory — geopolitical manoeuvres, domestic policy reforms, global market fluctuations, and regional geopolitical dynamics.
Design, manufacturing, distribution, marketing, retail, advertising and other sectors of the fashion industry in Tehran have been able to grow significantly according to the needs of the country. In particular, a large number of male and female models are working in Tehran''s fashion advertising and promotion sections.
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Despite continued sanctions and uneasy relations between the U.S. and Iran, the Middle Eastern country recorded the largest stock market growth in the world for 2019 as alternative businesses to oil pop up in the country.
U.S. sanctions have targeted Iran for decades, primarily aiming at the country''s main export of oil to cripple the economy as a whole. New businesses focused on petrochemicals, mining, agriculture and other industries have diversified the market to provide a small buffer to sanctions aimed at oil. Also, a rise in highly educated citizens in the country has led to new businesses and rise in political participation.
Still, while the stock market is doing surprisingly well in Iran, protests and rising fuel prices have contributed to an overall shrinking economy in the country. Some believe the stock market rise could be misleading about the economic health of Iran for the future.
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As we venture into 2024, a scrutiny of Iran''s economic landscape, with its intricate interplay of burgeoning prospects and formidable challenges, becomes indispensable.
The year 2023, a repository of pivotal data and trends, serves as an invaluable guide in forecasting the trajectory of Iran''s economy. Our analysis dissects the confluence of factors shaping this trajectory — geopolitical manoeuvres, domestic policy reforms, global market fluctuations, and regional geopolitical dynamics.
This comprehensive examination, executed with the rigorous characteristic of economic discourse, aims to provide a nuanced perspective on the potential economic developments Iran may encounter in the year ahead.
The current administration suffers from significant opposition not only from liberals but also a growing chorus of conservatives who find Raisi''s handling of the economy less than stellar, prompting further capital flight and inflation. This and a ticking clock on the upcoming parliamentary elections could paralyse the current administration. Voter apathy levels are so high now that cynical attempts to slide past the population by hardliner groups could well be the outcome of the Majlis elections.
The International Monetary Fund (IMF) has painted a cautiously optimistic picture for Iran''s economy in 2023, projecting improvements in 10 major economic indicators compared to 2022. This suggests a potential continuation of positive trends into 2024.
However, it''s essential to consider that the IMF''s predictions are contingent upon several variables, including geopolitical developments and global economic trends. Also, despite the positive outlook by global bodies, the information they present in English derives from organisations like the Central Bank of Iran or the SCI, so salt-a-plenty.
Looking ahead, we anticipate a year of measured optimism for Iran''s economy in 2024. The expected growth rate, albeit slightly lower than in 2023 at 1.9%, along with the potential uplift from a buoyant energy sector, could provide a much-needed economic boost. However, this optimism is tempered by the ongoing challenge of high inflation, which will necessitate the incumbent administration''s robust fiscal and monetary policies.
International relations, especially the status of US sanctions and the global energy market, will play a pivotal role in shaping Iran''s economic landscape in 2024. Meanwhile, deals with regional partners, including China, Saudi Arabia and Central Asian nations, will likely continue in 2024 as the US removes itself from proceedings.
Any relaxation in sanctions, particularly in the energy sector, could significantly bolster economic growth, as seen in 2023, with China continuing its purchases of Iranian oil. Conversely, heightened tensions or stricter global sanctions could derail the expected growth trajectory.
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